ASSIGNMENT
OF
CONSTRUCTION LOAN COMMITMENT
AND
SALE AND LEASEBACK FINANCING COMMITMENT
THIS ASSIGNMENT made and entered into this 4th day of
November, 1997, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI INCOME & GROWTH
FUND XXII LIMITED PARTNERSHIP, a Minnesota limited
partnership ("Assignee");
WITNESSETH, that:
WHEREAS, on the 13th day of May, 1997, Assignor entered
into a Sale and Leaseback Financing Commitment (Othe
Commitment") for that certain property located at #0000 XX
#0, Xxx 000, Xxxxxxxxxx, XX (the OPropertyO) with Ohio
Valley Bistros, Inc., as Seller/Lessee; and
WHEREAS, Assignor desires to assign an undivided forty
percent (40.0%) of its rights, title and interest in, to and
under the Commitment to Assignee as hereinafter provided;
NOW, THEREFORE, for One Dollar ($1.00) and other good
and valuable consideration, receipt of which is hereby
acknowledged, it is hereby agreed between the parties as
follows:
1. Assignor assigns all of its rights, title and
interest in, to and under the Commitment to Assignee,
to have and to hold the same unto the Assignee, its
successors and assigns;
2. Assignee hereby assumes all rights, promises,
covenants, conditions and obligations under the
Commitment to be performed by the Assignor thereunder,
and agrees to be bound for all of the obligations of
Assignor under the Commitment.
All other terms and conditions of the Commitment shall
remain unchanged and continue in full force and effect.
AEI FUND MANAGEMENT, INC.
("Assignor")
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
AEI INCOME & GROWTH FUND XXII
LIMITED PARTNERSHIP ("Assignee")
BY: AEI FUND MANAGEMENT XXI, INC.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
